A certain rolling position trader has increased short positions on HYPE in the past half hour, with the total value of short positions across 4 cryptocurrencies now exceeding $260 million

Odaily News According to on-chain analyst Yu Jin's monitoring, [rolling position trader 0xD83...Fd7] has further increased short positions on HYPE in the past half hour.

Starting with shorting ETH last Friday, he has been using floating profits to roll positions and increase short exposure to other cryptocurrencies. As of now, he holds short positions in four cryptocurrencies including BTC, ETH, HYPE, and XMR, with a total value reaching $261 million.

He has grown his initial capital of $3 million to $11 million through rolling short positions:

◎ Short 1,640 BTC ($150 million), entry price $92,120, liquidation price $94,732. Floating profit $1.98 million.

◎ Short 31,093 ETH ($100 million), entry price $3,270, liquidation price $3,269. Floating profit $6.29 million.

◎ Short 728,000 HYPE ($16 million), entry price $21.77, liquidation price $30.1. Floating loss $60,000.

◎ Short 824 XMR ($450,000), entry price $605, floating profit $40,000.